Evaluation of Small and Medium Sized Shipyards Productivity with Key Performance Indicators

Abstract

The current work aims to evaluate productivity and producibility with Key Performance Indicators (KPIs) for Small and Medium Sized Shipyards (SMSS). A systematic approach has been developed by adopting data analysis. Most SMSSs have not implemented data analysis as these are very costly issues. On the other hand, neither the available data nor new technologies will not make any difference without a systematic approach. The proposed methodology is applied to a real case to validate that it is not only a concept study for a problem definition but also a reasonable solution to a known problem by incorporating engineering and business knowledge. The KPIs for cost and producibility evaluation were formulated in a mathematical model upon historical data analysis and are included in this study.